BITTNET SYSTEMS S.A. (referred to as the “Company” / “Issuer” / “Group”) informs investors about the Decision of the Board of Directors – attached to this current report – regarding the results of the public offering of corporate bonds, guaranteed, denominated in euro, BNET31E and the establishment of the transaction price.
During the period: July 26th – August 06th, 2026, a maximum of 150,000 corporate bonds, guaranteed, non-convertible with an individual face value of 100 euro were offered for sale, each interested investor having the opportunity to buy in the price range: 94 euro – 106 euro per bond, respectively between 94% and 106% of the face value. During the offering period, 503 buy orders were received across all price levels, totaling an aggregate volume of 79,954 bonds:
- 2,950 bonds at a price of 106 euro
- 98 bonds at a price of 105 euro
- 566 bonds at a price of 104 euro
- 151 bonds at a price of 103 euro
- 857 bonds at a price of 102 euro
- 702 bonds at a price of 101 euro
- 20,081 bonds at a price of 100 euro
- 1,219 bonds at a price of 99 euro
- 2,484 bonds at a price of 98 euro
- 2,195 bonds at a price of 97 euro
- 5,326 bonds at a price of 96 euro
- 40,601 bonds at a price of 95 euro
- 2,724 bonds at a price of 94 euro
Given the Issuer’s setting of the issue price at 95 euro/bond and in accordance with the Offering Prospectus, the volumes subscribed at the issue price and at prices higher than the issue price (i.e. at prices 96, 97, 98, 99, 100, 101, 102, 103, 104, 105 and 106 euros/bond), will be fully settled at the issue price (95 euro) together with the buy orders placed at the issue price. Purchase orders placed at a price lower than the issue price (94 euro/bond) will not be executed. The transaction date is August 07th, 2026, and the transaction settlement date is August 11th, 2026.
Thus, the BNET31E issue will consist of 77,230 bonds with an individual face value of 100 euro and a total nominal value of 7,723,000 euro, the issue date being 11.08.2026, the date from which the interest of 10.6% per year will be calculated at the face value of the instrument.
Following the BNET31E Offer, the Issuer raised a committed financing through this instrument of 7.33 million euro.
The BNET31E bonds are corporate, secured bonds, denominated in EUR and bearing a fixed interest of 10.6% per annum, payable semi-annually through the Central Depository system, with a maturity of over 5 years, namely on 31.07.2031 according to the Issue Prospectus. In this situation, the last coupon payment, Coupon 10, will be a fractional one, calculated for the number of days remaining between the date of the previous coupon paid (Coupon 09) and the maturity date of the bond issue.
In the following period, the Issuer will start the necessary procedures to obtain from the FSA the registration certificate for financial instruments (CIIF) for the BNET31E bonds and the listing of the issue on the Regulated Market administered by the Bucharest Stock Exchange.